HLG - Hallenstein Glasson

[see weed]

pg0220, I`m glad you raised the question. This share is soooo worth a mention in all of this upheaval.
The situation is;
-a growing company -well in Aussie and online at least.
-No debt,
-Layout of nearly 100 % of its profits , fully imputed.
-Steady programme of stores being modernised from existing cash flows to modern layouts (this KFC stores over the last 7 years).
-Shedding of no longer relevant "storm" brand.
-Loads of historical data to back up a favourable and consistent company.
-a PE of 5.15/.46 = 11.2
-plus whatever I`ve missed here.....
I was a seller at $6 bucks but at this level its a absolute bargain. Even if the share price was to never recover, the divi olone of nearly 9% after tax makes this a standout bargain.
Will it get lower? I don't know how it gots this low.

Hi Mav, good buying a year ago. Bought a sh.t load from 3.36 to 3.57 on 2/11/17 to 7/12/17 just for the $20k div. then sold them again over a few weeks later and made a sh.t load. If it came back down to the low to mid to late 4s I would buy more. ps Or maybe a very low 5

[pg0220]

Hi Mav, good buying a year ago. Bought a sh.t load from 3.36 to 3.57 on 2/11/17 to 7/12/17 just for the $20k div. then sold them again over a few weeks later and made a sh.t load. If it came back down to the low to mid to late 4s I would buy more. ps Or maybe a very low 5

It is now at low $5 though!

[Beagle]

I think the fuel price is going to act like a portable vacuum cleaner and hoover out a lot of disposable income but in discussing that with Couta1 this afternoon he correctly pointed out this is a N.Z. specific problem and fuel is still pretty reasonable in Australia. I do note however that the majority of HLG's sales are in N.Z.
I am a little less optimistic now, what with Cindy's Kindy playing tag team with the fuel companies to see who can fleece us the most.

[couta1]

It is now at low $5 though!

Your looking for a crystal ball answer, good value is good value whether it goes lower or not.

[Maverick]

Your looking for a crystal ball answer, good value is good value whether it goes lower or not.

Dam that's wise. Nicely said

[McGinty]

Quite a bit of selling on Friday (3 times avg volume), but I saw this as opportunity and doubled my holding at $5.11 and $5.15.

Looking at the chart I would expect the price to head back up to the $5.60 level (old support - now resistance), which should provide a bit of a buffer when buying in at these levels.

Good company, no debt and 2 good dividends to come over the next 6 months. It just got caught up in the market sell off.

Happy holding and looking forward to the next market update around Dec's AGM :-)

[oldtech]

I took the opportunity to top up this morning also McGinty ... still a happy holder

[IAK]

Hmmm Director Chris Reid building a new deck.

http://nzx-prod-s7fsd7f98s.s3-websit...318/288597.pdf

[couta1]

Hmmm Director Chris Reid building a new deck.

http://nzx-prod-s7fsd7f98s.s3-websit...318/288597.pdf

Pretty much a small fry shareholder in comparison to Mr Glasson who owns just shy of 12 million shares. PS-Perhaps he could have a glass of A2 sitting on his new deck once built.

[Beagle]

Pretty late disclosure. My understanding is it must be within 5 working days.